VANCOUVER – Pure Industrial Real Estate Trust (TSXV:AAR.UN) says its second-quarter net operating income nearly tripled to $ 11.1 million, up from $ 4.4 million in the same quarter last year.
Revenue increased to $ 7.8 million from $ 3.5 million.
The REIT said its investment properties increased to $ 383.8 million from $ 205.6 million as it acquired 25 properties in the last six months.
It also announced that has issued 52,640 Class A units as of August 15 to four trustees who have used their right to redeem restricted units. The units were issued at a value of $ 3.93 per unit, for a total value of $ 206,875.
Local news from metronews.ca/vancouver
About The Reporter
